Picture of Bajaj Finance logo

BAJFINANCE — Bajaj Finance News Story

0.000.00%
in flag iconLast trade - 00:00
FinancialsBalancedLarge CapMomentum Trap

India New Issue-Bajaj Finance accepts bids for bond reissue, bankers say

India New Issue-Bajaj Finance accepts bids for bond reissue, bankers say

- India's Bajaj Finance BJFN.NS has accepted bids worth 5.10 billion rupees ($52.75 million) for the reissue of 7.78% November 2029 bonds, three bankers said on Friday.

The company will offer a yield of 8.20% and had invited bids from bankers and investors for the issue on Thursday, they said.

Bajaj Finance did not immediately respond to a Reuters email seeking comment.



Here is the list of deals reported so far on October 9:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Bajaj Finance
Nov 2029 reissue

3 year and 1 month

8.20 (yield)

5.10

October 8

AAA (Crisil)


*Size includes base plus greenshoe for some issues


($1 = 96.6875 Indian rupees)


(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

((Dharamraj.dhutia@tr.com))

Recent news on Bajaj Finance

See all news